PAN Aadhaar Link: IT Department alerts taxpayers! Link PAN to Aadhaar before March 31, otherwise you will not be able to file ITR
IT Department Alert for PAN Aadhaar Linking: The new financial year will start on 1 April 2023. In such a situation, before the beginning of the new financial year (Financial Year 2023-24), there are such financial tasks which are very important to be completed by March 31. If you do not do this then you may suffer huge financial loss. The Income Tax Department is repeatedly issuing alerts to the taxpayers to complete these works. If you have not yet linked your PAN and Aadhaar, then complete this work today. If you don't do this, you can suffer a lot of damage.
The income Tax Department gave information by tweeting
If you fail to link your PAN and Aadhaar before March 31, 2023, your PAN will be deactivated from April 1. In such a situation, you will be deprived of availing of the benefits of many PANs. Giving information by tweeting on this matter from its official Twitter handle, the Income Tax Department told. The last date to link your PAN and Aadhaar is near! As per the IT Act, 1961, all PAN holders are required to link their PAN and Aadhaar by 31.03.2023. In case of not do so, your PAN will be deactivated on 1.04.2023. Link it today!'
This will be a huge financial loss if the PAN becomes inactive.
Along with this, the Income Tax Department has also informed you that for linking both documents till March 31, you will have to pay only Rs 1,000 as a fine. On the other hand, to reactivate the PAN from April 1, you will have to pay a fine of Rs 10,000. Only after this, your PAN will be activated again. In the case of an inoperative PAN, taxpayers will not be able to file their income tax returns. Along with this, you will not be able to invest in many places like the share market, mutual funds etc. Significantly, any kind of transaction can be tracked by linking Aadhaar and PAN. This helps in curbing the problem of fraud and tax evasion.
How to link PAN Aadhaar-
For this purpose, go to the e-filing website of PAN card holders' income tax www.incometax.gov.in.
If you have not registered here, then do this work immediately.
Login by entering your User ID, Password and Date of Birth
Then a pop-up window will open in front of you, in which the option to link your PAN Aadhaar will be visible.
In this option, details like name, date of birth and gender will already be filled according to your PAN.
After this verify your Aadhaar and PAN details.
Next click on the option of Link Now.
After this, you will be given a message saying that your PAN and Aadhaar have been successfully linked.